I think you are maybe forgetting one thing here, the format does matter because of the basic principle of...the better the format the less the editing.
Eh, the format doesn't really have much impact on the amount of editting. You've got to do a lot of editting regardless, change in amount of editting due to format is negligible in the grand scheme of things.
We should pick a format that PLAYS well in terms of running events - a format players like to play and that works financially for promoters, scaling from small local events up to large national events. If and when you need to accomodate TV, you can make your required format changes then.
I don't think TV is necessarily going to demand a wholesale format change. I've had networks ask us to tweak the format (they hate the whole one team is gone but you still gotta spend time having a guy walk the flag in) but other than that don't seem to care much. Really, they don't even know what to care about.
When you get down to it, what is good about paintball on television is players moving while getting shot at, seeing where players are shooting, seeing players get hit, and one thing I've noticed that may not be obvious, is SOUND. If you can HEAR the sound of paint bouncing off the bunker of the player, and HEAR the player yelling to the teammates, and HEAR the player shooting, that really changes the experience for the viewer. Those things are going to happen no matter what format you play, so then you just gotta decide whether you're going to try and broadcast paintball live. If no, format really doesn't matter, if yes, then you do need to have a format without too much dead time (dead time for commercials is ok, dead time during play is not).
Think of it like the difference between watching football in a football movie and watching football on TV on Sunday. Same football, but when you've got the full-on in-your-face closeup-with-sound football of a football movie, it just FEELS more intense, doesn't it? That's the kind of thing we should be trying to do with paintball. That's something that worked well in our show in 2005 and not so well in 2006 due to our camera guys just not being nearly as good the second time around.
That's another reason I prefer to have paintball filmed outdoors - better sound.
I'd like to hit on one more thing here: If and when television becomes an important revenue stream for the sport, we'll change the format to be TV friendly on our own. We'll want more viewers, because the viewers will be paying the bills. Many widely televised sports have gone under rules changes at some point for the express purpose of helping television ratings. (Shot clock anyone?) That's just life as a Pro sport.